Norway's Storebrand subsidiary SPP moves to eliminate all fossil exposure

Jonathan Boyd
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Norway's Storebrand subsidiary SPP moves to eliminate all fossil exposure

Storebrand, the Norwegian group that manages more than NOK780bn (€77bn), has announced that its Swedish subidiary SPP is to make all its funds fossil free - an action that will help make about a third of the group's total AUM fossil free, or €26bn out of the €77bn (NOK780bn) total group AUM. Then announcement has come at a time when the Conference Of the Parties (COP) 25 has been taking place in Madrid, with so far mixed results in terms of expectations for commitments that poorer countrie...

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Jonathan Boyd
Author spotlight

Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.